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Nippon Steel Closes US Steel Takeover
Mint New Delhi
|June 19, 2025
Most eye-opening was the companies' promise to give Trump direct say in a number of decision-making scenarios
Nippon Steel Corp. closed its $14.1 billion takeover of United States Steel Corp., concluding an 18-month saga that became heavily politicized before the deal finally won US President Donald Trump's support.
Nippon Steel's $55-a-share acquisition creates the world's second-largest steelmaker and turns the combined entity into a formidable competitor within the American steel industry. The Japanese steelmaker also gets an important foothold in the US that helps avoid Trump's 50% steel tariffs.
Cette histoire est tirée de l'édition June 19, 2025 de Mint New Delhi.
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